Some housing market economists are calling the current market ideal for those looking to sell their house and buy another one.
According to realtor.com, the residential real estate market is healthier now than it has been in a decade and while inventory in some areas has been tight, most people selling homes intend to become homeowners again!
More than 85% of today’s sellers, according to realtor.com’s calculations, who sell their home indicate they also intend to buy, adding homes to inventory and also delving into it.
There are many reasons to make this move, which the folks at realtor.com have created a list of top five reasons for selling now and buying again:
- Want to be in a different neighborhood (40%)
- Need a home with different features (28%)
- Need a bigger home (22%)
- Want location with better weather, views, and/or lifestyle (19%)
- Need to lower cost of living (17%)
For more on the demographics of those looking to quickly sell and buy again, check out realtor.com's blog!